TLDR:
- Chainlink wallets hit record 9,625 daily creations, marking the strongest growth pace seen in 2025.
- LINK price peaked near $26, its highest level in seven months, before stalling at major resistance.
- Analysts point to RSI divergence and rising open interest as signs of short-term overheating.
- Support sits at $19–20, with bulls eyeing a rebound toward $30 if correction levels hold.
Chainlink is showing strength again. The token briefly climbed above $26, its highest level in seven months. Wallet activity and transfers have surged to new yearly highs, drawing interest across the crypto market.
Traders are now watching whether the momentum continues or if a short-term correction interrupts the rally.
Chainlink Price Pushes Higher with Wallet Activity at Record Levels
Data from Santiment showed Chainlink breaking through $26 while its network logged rare activity spikes.
More than 9,800 addresses executed transfers on Sunday, while 9,625 new wallets were created on Monday, both setting 2025 highs. These numbers suggest strong adoption at a time when many altcoins remain range-bound.
🔗📈 Chainlink has remained a force among the altcoin pack, jumping above $26 for the first time in seven months. On-chain activity has been even more impressive than the price. 9,813 different $LINK addresses made at least one transfer on Sunday, and 9,625 new $LINK wallets were… pic.twitter.com/ePGjiBcSyl
— Santiment (@santimentfeed) August 19, 2025
Market watchers noted that the move came even as Bitcoin faced selling pressure. One trader, posting under the name Rogue, suggested that larger players could be positioning early, hinting at undisclosed institutional interest. This view echoed the idea that LINK has shown strength independent of broader market conditions in recent weeks.
Despite the optimism, short-term risks remain. Analyst Aqua highlighted in his update that LINK is now trading inside a heavy resistance zone at $25–27. He explained that the token recently completed a breakout pattern but may need a correction before moving higher.
According to CoinGecko, LINK trades near $24.26 at press time, marking a 2.46% daily decline but still up 13% in the last week.
Analysts Warn of LINK Price Correction as Market Tests Support Levels
Chart signals suggest caution. Aqua pointed to bearish divergence on the Relative Strength Index, where momentum weakened even as price pushed higher.
He also flagged rising open interest, a sign the market may be overheating. Together, these indicators imply LINK could dip before its next leg upward.
Support levels now matter. The first sits around $19–20, aligning with the previous breakout area. If price retests this range and holds, the setup for another rally remains intact. Deeper support rests between $15 and $16.5, which marked the ceiling of the prior consolidation phase.
It's strong but short term can see correction into the higher low before going up again.
It hit the pattern target and the resistance zone, OI shoot up high, maybe it's now time for some correction along with $BTC and the rest of the market.#Link #Chainlink pic.twitter.com/nj8TBZdcPV
— Aqua (@PayneResidence) August 19, 2025
Longer term, Aqua described the structure as still bullish. Higher lows since June continue to define the trend, giving bulls the advantage as long as support zones do not fail. A move beyond $27 would open the door to targets closer to $30.
In the near term, however, traders are bracing for volatility. With wallets growing at record pace, LINK’s underlying demand is clear, but price action may cool before momentum returns.
